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What is the most proper legal term for the form of co-ownership of real estate that encourages real estate development by creating two levels of

What is the most proper legal term for the form of co-ownership of real estate that encourages real estate development by creating two levels of ownership one with unlimited liability and management control and the other with limited liability and almost no management control? a. Corporation b. Limited Partnership c. (General) Partnership d. Limited Liability Company

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